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Dual-Zoned Commercial Development Land
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1000 10th Ave SE, Watertown, SD 57201

19 acres zoned C-3 and 13 acres zoned I-1 with all utilities available for development.

Property SizeContact for details
Days on Market123

Property Features for 1000 10th Ave SE

General Information

Standard status Active
Property subtype Land
Listing Agency: Bender Commercial
Listed By: Isaac Jorgensen · License #SD 20285
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 1:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bender Commercial

Investment Insights

Based on property information with market context.

This development land offering totals approximately 32 acres, with 19 acres zoned C-3 Commercial and 13 acres zoned I-1 Light Industrial. The property is centrally located in Watertown, one block from Highway 212, and the current zoning supports a range of uses including industrial, shop, warehouse, multi-family, and commercial uses. All utilities are available to the site.

The site provides quick access to Highway 212, Highway 81, and I-29, supporting convenient connectivity for future development. Neighboring businesses include the Watertown Mall (including Dunham’s Sports, Maurices, Bath & Body Works, and Famous Footwear), Montgomery’s Furniture, First Bank & Trust, and Hy-Vee.

With a mix of commercial and light industrial zoning, this property is well suited for infill development, including the potential to rezone to multi-family as indicated in the provided remarks.

Key Highlights

  • Approx. 19 acres zoned C‑3 Commercial and 13 acres zoned I‑1 Light Industrial
  • Central Watertown development land located one block from Highway 212
  • Current zoning would accommodate a range of uses including industrial, shop, warehouse, multi‑family, and commercial

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Hair Salon Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

377
Businesses Nearby

Demographics for 57201, SD

26,091
Population
12,304
Households
2.1
Avg Household Size
39
Median Age
21%
College-Educated
92%
High-School Grad
319.1 sq mi
ZIP Area
82
Density / Sq Mi
$64,809
Median Household Income
$40,840
Median Earnings
$903
Median Rent
$223,600
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - 19 acres zoned C-3 and 13 acres zoned I-1 with all utilities available for development.
Where is this commercial land located?
The property is located at 1000 10th Ave SE Watertown, SD.
What are key features of this property?
This property features: Approx. 19 acres zoned C‑3 Commercial and 13 acres zoned I‑1 Light Industrial; Central Watertown development land located one block from Highway 212; Current zoning would accommodate a range of uses including industrial, shop, warehouse, multi‑family, and commercial
(605) 336-7600 Call to check price and availability
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